Here’s Why Clovis Oncology, Inc. (NASDAQ:CLVS) Dropped -3.3%

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For its latest trading sesion, Clovis Oncology, Inc. (NASDAQ:CLVS) dropped by -3.3% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? To understand this better, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.003, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.471, an Accumulation/Distribution Index (ADI) of 0.471, an On-Balance Volume (OBV) of 248.755, and a Chaiikin Money Flow (CMF) of 10.25. 2.462

Now let’s plug these indicators in. According to Trading View, we can conclude the following:

So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.